Irish Sun
First published 1880 Sunday 18th May 2008 Issue 1487
Front Page Europe Business News
Car sales hold up in Europe


Add to My Yahoo!
New car registrations are up in...


Bush to help Palestinians achieve their €˜dream€™
SHARM EL SHEIKH (Egypt) — US President George W. Bush yesterday pledged to Palestinian President Mahmoud Abbas that he was determined to help them achieve the 'dream' of establishing an independent...


Queen Elizabeth€™s grandson weds
LONDON — It has all the ingredients of a proper British royal wedding: Romance, tradition, rain, and a gossip magazine feud.Peter Phillips, 11th in line to the throne, became yesterday the first of...


Soccer fans warned of tick danger in Euro
LONDON: If you are a soccer fan going to watch Euro 2008 it could be worth having a vaccination to prevent catching a little known, but potentially fatal illness that is spread by ticks, a leading...


Two-goal Del Piero delivers Euro 2008 reminder
Juventus captain Alessandro Del Piero celebrates after scoring during the Italian Serie A football match against Sampdoria at Genova Luigi Ferraris Stadium. Del Piero scored twice to help Juventus...


Raul fails to make Spain squad for Euro 2008
Real Madrid´s Raul Gonzalez celebrates scoring against Racing Santander during a La Liga match at the Sardinero stadium in Santander, northern Spain, April 2008. On-form Real Madrid striker Raul has...


German fighter jets to patrol skies over Austria and Switzerland during Euro Cup
Switzerland German combat jets will patrol the skies over Austria and Switzerland during this summer's European Cup, the weekly Der Spiegel news magazine said in a report to hit the newsstands on...


Cazorla and Sergio Garcia in Spanish Euro 2008 squad - Feature
Madrid - Spain national manager Luis Aragones raised eyebrows on Saturday by calling up uncapped players Santi Cazorla and Sergio Garcia for the European Championship finals. The inclusion of striker...


Euro boost just what City need - Sven
Manager Sven-Goran Eriksson believes Manchester City's return to European combat could be the making of Thaksin Shinawatra's Blues revolution. City will enter the UEFA Cup at the first qualifying...


German Economy Powers Ahead
Experts are predicting that economic growth will slip this year. They cite the financial crisis, high oil and gas prices and the expensive euro. But the German economy is currently quite robust --...


Conflicts shadow Euro-Latin summit
LIMA, Peru — European and Latin American leaders sought to unite against poverty, global warming and high food prices on Friday, but their summit was clouded by an ongoing feud between Colombia...


Hedging against the euro
LONDON (MarketWatch) -- It's been a rough earnings season for European companies stymied by the euro's first-quarter surge to a record high against the downtrodden U.S. dollar. Now, however, some...


John Abraham is the Euro 2008 brand ambassador
Flamboyant Bollywood actor, John Abraham has been roped in as the brand ambassador for the UEFA European Football Championship 2008, to be held next month in Switzerland and Austria. Announcing this,...


Eurozone swings into trade deficit in March
BRUSSELS: The 15 nations sharing the euro saw their trade balance with the rest of the world swing into deficit in March as imports rose and exports eased, official EU data showed Friday. The...


Can the Euro Extend its Gains
, 01:26 GMT The Euro staged a very strong rally against the US dollar today after quietly selling off for the past 3 days. The move was due almost entirely to the US numbers as the Euro started to...


Dollar rises slightly versus the euro in trading late Friday night
May 16, 2008 - 8:28 p.m. NEW YORK (AP) - The dollar rose against the 15-nation euro in late New York trading Friday night. The euro edged lower, to $1.5575 from $1.5584 late Friday...


Debenhams takes a €17m hit
Recently filed accounts for Debenhams' Irish operations show the cost of revamping Roches Stores and redundancy payments to the former Roches' Stores workers resulted in exceptional charges of...


European Union Opposing Google Maps
Posted on: Friday, 16 May 2008, 15:00 CDT The Street View feature of the Google Maps service could prompt a privacy controversy in the European Union, the EU data protection chief says. EU data...


Zardari rejects PML ministers€™ resignations
ISLAMABAD — The head of Pakistan's ruling coalition has refused to accept the resignations of ministers from the party of former prime minister Nawaz Sharif and aims to persuade it to rejoin their...


Good gains for FTSE
Record profits and a return to dividend payments from British Airways helped put the London market on the front foot today.Although the airline has contended with spiralling oil costs and the botched...


Soccer tourists rejoice, Austria, Switzerland host Euro 2008 games
VIENNA, Austria - Overheard recently from a tourist in one of Vienna's grand cafes: "Waiter, I'll try a slice of your soccer tort." OK, so it's actually Sacher (SAH'kerr) Torte, the famed Viennese...


Ryanair CEO Says Downturn Good for the Company
Speaking to CNBC, O'Leary said passengers would naturally turn to Ryanair and away from more expensive rivals as they tried to save money.'I think we'll come out of this downturn significantly...


Arab bourses lacklustre as investors search for fresh clues
AMMAN - Arab stock markets were steady this week as investors looked for new moving factors to decide their positions in the coming weeks, financial investors said...


Strong Currency Hits Euro Zone
The countries sharing the euro had a lot more in common than not when they took a massive blow in their trade balance as the strong euro hit exports and rising oil prices drove up the price of...


European car sales drive higher
European car sales up on last year but down on last month Germany, Europe's biggest car market, saw sales up 20 percent year on year BMW, VW, Daimler and Renault recorded more than 10 percent...


Dollar falls against euro, pound and yen as oil climbs, US economic data disappoints
May 16, 2008 - 11:40 a.m. FRANKFURT, Germany (AP) - The dollar fell against the euro and other major currencies on Friday as oil prices rose to a record near $128 a barrel and a rebound in...


Lady EUROpa & the Monetary Bull
Ok, some of this - especially the beautification of parks and public buildings - must be the windfall profit from the Athens Olympics four years ago. Some of this, but by no means all of it. So where...


European Union-Latin America and the Caribbean summit opens in Lima
Lima - The fifth European Union-Latin America and the Caribbean (EU-LAC) summit was opened Friday in Lima, with a speech by Peruvian President Alan Garcia. Representatives of 60 countries - including...


AirSpeed contracts worth €500,000
Telecoms firm AirSpeed Telecom has won contracts worth a combined €500,000 with Reox Holdings and with RTÉ NL. Reox Holdings manages Dairygold's network infrastructure and RTE NL operates the...


EU provides 2-million-euro emergency relief to China quake victims
Brussels - The European Commission said Friday it was providing emergency relief worth 2 million euros (3.1 million dollars) to help the victims of China's destructive earthquake. "The 2 million...


Euro, pound, yen higher against dollar  35 mins ago
FRANKFURT, Germany - The euro traded slightly higher against the U.S. dollar Friday after data showed a drop in U.S. industrial production and unexpectedly strong first-quarter economic growth in...


European Central Bank President Trichet says there is no room for complacency over inflation in the Eurozone
European Central Bank President Trichet says there is no room for complacency over inflation in the Eurozone By Finfacts Team May 16, 2008 - 11:34: AM ...


UEFA to probe illegal sale of VIP Euro tickets
The EURO 2008 official mascots Trix (L) and Flix pose in Berlin, April 2008. European football´s ruling body will investigate the sale of luxury VIP packages by Croatian travel agencies for the...


Pressure Grows for Single Euro Seat at IMF
Pressure is growing on euro-zone governments to cast their national interests to the side and give their shared currency a stronger voice on the global stage by seeking a single seat at the...


UK Banks to Swap Up to $175 Billion Mortgage Assets
By Reuters Britain's banks are set to swap between 80 billion and 90 billion pounds ($175 billion) of mortgage-backed assets for Treasury bills, nearly twice the base level set by the Bank of England...


CHP fires shot at euro MP; misses
The opposition CHP requests the Parliament speaker to ask his counterpart in the European Parliament to remove Euro MP Lagendijk from his position as co-chairman of the interparliamentary commission....


VillaCentre Announce €64,000 Air Conditioning Investment
VillaCentre, the UK's leading direct specialist agent for unpackaged quality villa holidays, today announced plans to install new energy efficient air conditioning units throughout their...


British Airways boosted by rise in profits
British Airways to pay a dividend for the first time in seven years Carrier reports full-year net profit of $1.3 billion, up from £290 million year before NEW: CEO will not accept bonus due to...


BA reveals €1.1bn profits
British Airways made pre-tax profits of £883m (€1.1bn) for the year to March 31, up 45% on the previous year. Staff will share a £35m (€44m) bonus, the airline said.Full report to...


Waterford Crystal to close plant for three weeks as decision awaited on State guarantee of €39 million bank loan
Waterford Crystal to close plant for three weeks as decision awaited on State guarantee of €39 million bank loan By Finfacts Team May 16, 2008 - 5:34: AM ...


Jumpstart, Euro RSCG, TBWA
Jumpstart Automotive Media hired Grant Whitmore as GM, publisher and business development. Whitmore previously headed finance lead generation as business unit president at BarNone, a division of...


European Development Cooperation to 2020
The project, funded under the Seventh Framework Programme (FP7), will investigate emerging issues relating to European development cooperation. The event will address issues ranging from the new...


University Lifelong Learning - The role of universities in tomorrow
What is the role of universities in the area of Lifelong Learning, and what approach is taken in the German and Italian-speaking world? And how can Lifelong Learning satisfy the demands of an...


Fed auctions $7.2B in Treasury securities
Federal Reserve auctioned $7.2B in safe Treasury securities to big investment firms Move is part of an ongoing effort to ease credit stresses Auction drew bids of less than the $25 billion being made...


Euro economies grow 2.2% in first quarter
BRUSSELS -- Euro zone economies grew 2.2 percent in the first three months ago from a year ago, the EU statistical agency Eurostat said Thursday, as it confirmed that inflation in April had cooled...


Nedved not to play for Czech Republic at Euro 2008
Pavel Nedved was not included in the 23-member Czech national team for the upcoming European Championships as coach Karel Brueckner called up the training camp, the Czech news agency CTK said on...


BT Ireland turnover rises 4.3% to near €1bn
It also said earnings were up 21%, while it increased its number of broadband customers here by 24% to 80,000. New wave revenue, driven by broadband, networked IT services and mobility, rose by 13%...


German economy leads euro area to surprisingly robust quarter
FRANKFURT : Surprising even the most optimistic forecasters, the German economy grew 1.5 percent in the first quarter of this year, delivering its best performance in over a decade despite the global...


Euro 2008 will not save Swiss economic slowdown
The world's third-largest sports event will be no more than a drop in the ocean for the Swiss economy, however, and will not save the Alpine nation from following the rest of the world into...


Billionaire in bid to oust Yahoo board
Billionaire investor Carl Icahn seeks to oust Yahoo Inc.'s board of directors Icahn: Yahoo board actions have been irresponsible and unconscionable Icahn has spent more than $1 billion snapping up 59...